Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings per share are computed as follows:


	2020		2019
Basic earnings per Common Share:

Net income attributable to Magna International Inc.	$	757	$	1,765


Weighted average number of Common Shares outstanding during the year		299.7		314.7


Basic earnings per Common Share	$	2.52	$	5.61


Diluted earnings per Common Share [a]:

Net income attributable to Magna International Inc.	$	757	$	1,765


Weighted average number of Common Shares outstanding during the year		299.7		314.7
Stock options and restricted stock		0.7		1.1

	300.4		315.8


Diluted earnings per Common Share	$	2.52	$	5.59

[a]

Diluted earnings per Common Share exclude 4.7 million [2019 – 4.0 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not

“in-the-money”.

The dilutive effect of participating securities using the

two-class

method was excluded from the calculation of earnings per share because the effect would be immaterial.